The Fair Lawn property, with 4 bedrooms and 3.5 bathrooms, is in a city with a hot housing market. Based on comps, the estimated rental potential ranges from $4,800 to $6,950 per month. Given the property's list price of $699K, the payback period via rental income could span 8-12 years, depending on rental pricing. Central air, a garage, and energy efficiency boost its appeal. However, the lack of square footage data presents a challenge for precise valuation.
To enhance rental appeal, consider modernizing the interior and maintaining energy efficiency features. If selling, emphasize the neighborhood's growth, the property's energy efficiency, and its rental potential. Address any cosmetic updates to make the home more attractive to potential buyers or renters, aligning with current market demands.